After watching the following videohttp//

After watching the following video: 1. Describe New Balance’s globalization strategy. What are the costs/risks associated with this strategy?2. How do the globalization strategies of rival companies like Nike and Adidas differ from that of NewBalance? Is New Balance at a disadvantage because it owns and operates some factories?Create a two paragraph summary of the discussion.Make Reference at least one outside article in your summary and ensure that you properlycite your sources.